About Canara Bank Personal Loan in Gurugram

Canara bank is one of the banks that was established before the independence. The bank was set up in the year 1906. Canara bank is one of the commercial banks that has branches spread in the entire country. The bank has developed and introduced many first in the banking sectors like the credit card for the farmers, providing agricultural consultancy services etc.

Gurugram is one of the prominent city in India. It has many large and small business that is running. Also, it is one of the main hubs of the IT sector where many multinational companies have set up the bases. The growth of the city is visible with the developed infrastructure and advanced lifestyle of the people. Often in the situation like this, it is difficult to cope up with all the expenses for the people. And with the growth of the company, there is the increase in the migrant populations. They always need funds to get settled in the new place. Thus to fulfill all such small or large financial requirements and needs the Canara bank has the perfect products that can be useful to all. The personal loan given by the bank is the one such loan products which can be availed for numerous reason be it traveling, purchase of the expensive durable products or goods, child’s education, wedding expense etc. The personal loan has one more advantage and people are able to avail it easily that is the loan do not require any collateral or guarantors. It is a type of unsecured loans.

Thus, it is really a boon for the people as it is readily available and helps in maintaining the financial health of the individual. The people of such developed cities are constantly in search of the funds that can help to stabilize their constant need of the finances. For all those needs the best option available is to avail the Canara bank personal loan.

Canara Bank Personal Loan in Gurugram at a glance

Particulars

Details

Interest Rate

11.00% - 14.00%

Loan amount

Up to ₹ 3 lakh

Tenure

Up to 5 years

Processing fee

0.5% of the loan amount

Pre- payment charges

As per bank's norm

Eligibility Criteria

Permanent employees of reputed PSUs and Joint Stock Companies

Confirmed Central / State Government officials

Lecturers / Asst. Professors / Professors of Colleges / Research Institutions and University

The salary account of the employee should be maintained with the branch

The minimum net salary should not be less than 25% or ₹ 10,000/- per month whichever is higher.

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